Tag Archives: Eurozone

Professor Viral Acharya’s Research on Eurozone Stress Testing is Highlighted

The following is an excerpt from the Financial Times: Last week, 25 banks failed the asset quality review (AQR) conducted by the European Central Bank for 130 of the eurozone’s largest banks. In the stress test performed by the European … Continue reading

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Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans By Professor Viral Acharya

This paper shows that the sovereign debt crisis and the resulting credit crunch in the periphery of the Eurozone lead to negative real effects for borrowing firms. Using a hand matched sample of loan information from Dealscan and accounting information … Continue reading

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“The ‘Greatest’ Carry Trade Ever? Understanding Eurozone Bank Risks” by Professor Viral Acharya

Professor Viral Acharya and his co-author, Sascha Steffen of ESMT European School of Management and Technology, show that eurozone bank risks during 2007-2013 can be understood as “carry trade” behavior. They find that banks used short-term unsecured funding in wholesale … Continue reading

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The Changing Face of Global Risk

The following is a Project Syndicate excerpt from an op-ed written by NYU Stern Professor Nouriel Roubini on Project Syndicate: The world’s economic, financial, and geopolitical risks are shifting. Some risks now have a lower probability – even if they … Continue reading

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Professor Viral Acharya’s Research on Stress-Testing European Banks is Cited

The following is an excerpt from the Financial Times entitled “Europe Should Say No to a Flawed Banking Union” by Wolfgang Münchau: There are two classes of compromise in political life. In the first, your ultimate aim is sweeping change, … Continue reading

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Falling Short of Expectations? Stress-Testing the European Banking System

The following is a study written by Professor Viral Acharya: The Single Supervisory Mechanism – a key pillar of the Eurozone banking union – will transfer supervision of Europe’s largest banks to the ECB. Before taking over this role, the … Continue reading

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Roubini: The Eurozone’s Calm Before the Storm

The following is a Project Syndicate Op-Ed written by NYU Stern Professor Nouriel Roubini.  NEW YORK – A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and … Continue reading

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De-Risking Revisited with Nouriel Roubini

The following is an excerpt written by NYU Stern Professor Nouriel Roubini posted on Project Syndicate:  NEW YORK – Until the recent bout of financial-market turbulence, a variety of risky assets (including equities, government bonds, and commodities) had been rallying … Continue reading

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Roubini on the Global Economy

Nouriel Roubini, Professor of Economics and International Business at NYU Stern, writes on the global economy. Roubini addresses the Eurozone, China, Japan, the Middle East, and the US, to paint a picture of a global economy where the US is … Continue reading

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What Will 2013 Bring? NYU Stern’s Michael Spence on Prospects for 2013

Nobel Laureate and NYU Stern Professor Michael Spence writes about the prospects for an improving world economy for 2013. Professor Spence, a Distinguished Fellow at the Council on Foreign Relations notes that: On the whole, the global economy, while not … Continue reading

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